Signals with Moving Averages

Trade safe. See you.

What about gold

[quote=Bakker;15744316] On the contrary, I think each of these snips helps.
You've mentioned convergence about 7 times and just how powerful that it can be.
I have noticed that when the blue EMA converges (is almost flat, or is completely flat, with the green EMA), it is a terrific signal.

Also noted the white line doing two turns or bends, and then the blue and white EMA's are flat, or flat(ish) as a great signal, and vice-versa.


One final thing, is the formation of small triangles when the green line goes flat, on top or below, worth trading. in your experience?
I do not wish to detract from everything that you've taught thus far and suspect that they are just anomalies.

No, it's not worth trading. You need to have 2 or more "signals". There are so many better setups that I don't see the need to take chances on something that hasn't proof itself as being reliable.

I erase the records of US500, plain rubbish, not many pips in it. Back on gold and here is something to watch:



I guess gold's trip down south is far from over.

Check the resistance line on H1 coming from Friday:

Only one obstacle that could sink our optimism for going down.

Coming from a flat white/blue.

If it cannot break blue line, it will come down for sure.

Be ready

Check H4

I'm tired. Saying goodnight, see tomorrow.

By the way, I hit 75 today. Cheers.

75 what bro?, hope you didn't clock 75 years today?

That's right my friend, three quarter of a century gone in a flash.

Good morning guys; wicks, wicks and more wicks. Be careful, let's wait until we're passed it.

Was a great entry on M30 but I'm interesting what next H4 will bring

The resistance line is still the same as yesterday. As I've said, the way down is still wide open.